Toyota Motor rebuked US President Donald Trump's declaration that imported cars threaten US national security, signalling contentious talks are ahead for the White House and America's key trading partners.[SOUTHFIELD] Toyota Motor rebuked US President Donald Trump's declaration that imported cars threaten US national security, signalling contentious talks are ahead for the White House and America's key trading partners.
Mr Trump earlier on Friday agreed with the conclusions of his Commerce Department, which investigated imports of vehicles and auto parts and found they harm national security by having led to a declining market share for"American-owned" carmakers since the 1980s.The White House set a 180-day deadline for negotiating deals with Japan, the European Union and other major auto exporters.
The Alliance of Automobile Manufacturers, a trade group representing a dozen of the largest domestic and foreign carmakers with operations in the US, warned Friday that higher prices from tariffs could put 700,000 American jobs at risk. The pushback by Toyota marks a break from years of attempting to work its way into Trump's good graces.